PNB will provide financial assistance to Entrepreneurs/SME

The Punjab National Bank (PNB) is mulling to provide financial assistance to Small and Medium Enterprises (SME) clusters across the country. The bank has decided to grant a collateral free loan of upto one crore rupees under the programme. “We have identified 600 clusters across the country for providing various sops for financial empowerment of the SMEs. These clusters will be provided special financial incentives and the kanpur’s leather industry is also included under the ambit of the scheme,” said Nagesh Pyadh, PNB executive director.